In a two-sided market, an intermediary firm that links groups of producers and consumers is called
A) an operator.
B) an oligopoly.
C) a platform.
D) an end user.
Answer: C
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Use the aggregate expenditures model and the following values to answer the next question.AMPCIGT$3500.75$400$400$200Determine the change in the equilibrium real GDP (find ?Y) following a decrease in government spending from 400 to 300 (?G = -$100).
A. positive $500 B. negative $400 C. positive $400 D. negative $500
Which of the following is true?
A. The Japanese rebuilt their economy after World War II by selling its goods to their own rapidly growing population. B. Slow U.S. population growth in the 19th century forced American farmers and manufacturers to seek foreign markets to propel its rapid economic growth. C. The Japanese rebuilt their economy after World War II by targeting the large U.S. market, while their own market remained largely closed to U.S. manufactured goods. D. America's rapid population growth in the 19th century slowed its economic growth rate.
An individual bank may legally loan out an amount equal to its
A. total net worth. B. total vault cash. C. total reserves. D. excess reserves.
Suppose duopolists face the market inverse demand curve P = 100 - Q, Q = q1 + q2, and both firms have a constant marginal cost of 10. If firm 1 is a Stackelberg leader and firm 2's best response function is q2 = (100 - q1)/2, at the Nash-Stackelberg equilibrium firm 2's output is
A) 30. B) 40. C) 60. D) 70.